New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-12-08
DEAD AGAINST THE MESSAGE,
M SYMPATHY FOR FREE-TRADE VIEWS.
WALL STREET AND THE DRY-GOODs DISTRICT ALIKE
nIsrIRnEn BY Tile ONE suBJECT.

v.,r srprrT AND THE DRY GOODS DISTRICT ALIKE
DISTURBED BY THE ONE SUBJECT.
The comments on the Presidents message that were
most frequent in Wall Street yesterday we're In dispar
.oemcnt of H. The disappointment that other SUBJECTS
tban tho tariff were not discussed had not been over
,oue by careful perusa Of the document The general
approval OF the English newspapers reminders coege-
bred speculator OF the warning about receiving gies
from the Greeks and he expressed his convictions IN
this way
"Ihave always been Republican, but CONFESS that
,ooJ for President Clcy Gland, and now regret my
weakness Leaving all questions OF political economy
aside think best answer to the Presidents message
% ,h evident satisfaction OF the English press. Ii Is
enough for me- In word to know that England hopes to
gain an advantage by the reduction of our tariff"
Tn, iron men did not conceal their disgust ana as
ro they refused TO make contracts OF any kind h. O.
ri,rLe nresideut Of the Thomas Iron Company, said
that the effect the message was to demoraHe the IRON
trade In regard to the possible action or Congress he
said -
1T will not pass any free trade or low tariff bill.
becase Democratic Congressman from New Jersey ami
will not dare for IT, If the duty
s,ceI rails should be removed every rail mill in the
country would he closed The tarih question VIII be the
only one in the campaign President Cleveland has
opeued IL and I am that protection OF American
manufactures Will win.
President Sloan. OF tho Delaware, Lackawanna and
Western Railroad said The interests OF the country
arc IN tie side OF Protection to home Industries The
labor element shows this by protection OF manufactures
and by restricting Immigration not only for the mines
and fields but also for the pulpit
Harris G. Fahnestock. vice president OF the First
National Bank suggested that the purchase Of Govern
mont bonds the only reasonable way IN which the
accumulation OF money in the Treasury could he pre-
vented
AT the Consolidated stock and Petroleum Exchange
there was ttle discussion of the Presidents message
The opnlons expressed generally colorel by tic
IfVfI I'm fnsI "A
Among many Democrats that the discussion OF the tarh
challenged by the President would be disturbing elc
ment in business circles. Ii was cons'defed mat II
would be beneficial thing in the end however To bring
the two parties face to face on i've issue lot iut
fight
BUSINESS MN DI~rTTASED.
Tho sa,isfocfon scI over President Ccvclanis
message by British and American Free Traders ana by
minimizing people generally ~ not shared hy the
patriotic business Of this city, WHO understand
thoroughly tAe practical WORKINGS OF the tarih avs
Here are few Of the criticisms heard in the dry goods
district Edward II. Amuidown OF Ammidown ~
Smith. said
The first imprcs ma lc upon me by the message
was one Of surprise the President ~ the United
states Instead or addressing himself couiofWdhy win
the memorial ot usage. 10 statement oi The CONDITION OF
the country generally should taye ~ 'loi ninl' ~ I
up.nn 10 srcrc tlc Insertion or commonplace iAlIh
argument In al the urw'pi pcf- III me c"iuiI}' nc
seems % have assumed MAJ 'l' 49,, 49,, t'n
people not competent 10 di>cuS, Ia, l"lh t''l"h
better In pioccc ling he la. eNhiniicd hl-""h as
qualification Tor treating the tarih question i"r nc ma
reueatrl with detail arguments Tat nave been at
in.rtiv ovrrlrowu AMI abandoned lie seems 10 think
~, ~. t r,l. nf IA, rountry generally who read
papers ac not OF the Tact tnat the cost oi liyius -
moi a cIiAy greater ln TINS country imam IN hhSaHd'
while the rate oi wasc- is essentially larger. 80
carroll Wright, In hi report 10 the state ~ NaSs1
chu.rtt- specifically STATES the average weekly wages III
tha safe To- De = per cent larger the same IA
time j. per cent higher aud that Of TINS - per
cent IL per c,n due entirely To- rents From TINS It
be-
into the cost of living M -" proportion ll "c me-
article. ar used not more than per rrni hS"'t O."
the avrra-c than the same articles c''i ln .n..'n
Thee The articles which re-idcn, vrI m ." ~
affected y The farm ami which III ms )ll-eu' ~
enhanced price 10 tine CONSUMERS IN the proportion 10
tie amount of duty levied upon INN n'tc .N - ~
statistical and posi'iyc proof thHt me 'ihh "l '
idcni upon which his whole tnru argument - pl-'u
cauno; ho maintained ana i ial-r ana WIN ne ~
throw of that claim ms whole tArin argument mus r
abandoned to the waste basket where >" many
OF It's predecessors have gone.
Ikea BRIEF BY PROFESSOR SUMNER
Cornelius y Bllss-rue message reals like brief
prcpared by Professor sumner j. =. Moore Why tho
H. king free the list 81 materials would only
take or about $lOOOO.OOO from the entire revenue
mere haeltr,lo Of the entire surplus >ct t"iA' ''P
recommended by Mr Cleveland would destroy TIE 7''ep
and mining industrie. OF the country aud rro'ira'"
p,,nc,. generally. or there s."n.I be reduc-
ton Of the surplus bat Ac true way to do i 'er> -'
and simple. Wipe out tho entire Internal revenue
sysrm root AMI branch aud let rs have Free lTidc al
Iomr T,r Prss lents Free Trade arguments are too
pucrle 10 notloe seriously. especially ~ thcJ are nor
i.cly 10 be decided by congress Im glad though. 40
ha. made the Free II tide for neat year IAAt
iu.f what wc want and Just what We will win on.
" l. strong. Of y. J.. strong 4 Co There can hc no
reduction the rarin on any manufactured goo maze
here that Will cause Increase oi thc revenue
from fls same class goods The best evidence 81" th'
fact "a shown ht what happened ~ INC '',o "i "o'r,
warn. and worstrl cloths. lrIcr the ihlh law int
va. IN operation previous {" 1851 The tnA revenue
frnn ttr-r sources during Isl l~-- and l-H5 VA
tI- i,,6 ~ Under the revised Law the revenue on
tlr.r coDI- for tlr tIrrc years since IL
80 100 -t 81 Am increase ~ ~G5G- ~ -. ithipk
his shows conrhsiycy 10 my candid man That any re-
duciion of the 1trif viii increase rnhc man decrease
the surllu- And TIM TtTlr revision, while "a.
rrca~ng revenue. nav" stated. ht- driven lc
vnr-'rd manufacturing industry here Uui 81 'Nhfhe'
This one fact assure, tat The ffc-ut T. Ign rant
OF the practical workings of the Laws that hu urge con
L. 1